Sri Lanka Consolidated Acts

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Inland Revenue (Amendment) Act (No. 6 of 1969) - Sect 22

Amendment of section 69A of the principal Act

22. Section 69A of the principal Act (inserted therein by Act No. 18 of 1965), is hereby amended as follows: -
(1) in sub-section (1) of that section, by the substitution, for the words and figures " In respect of any year of assessment commencing on or after April 1, 1965-", of the words and figures "Subject to the provisions of sub-section (1A), in respect of any year of assessment commencing on or after April 1, 1965, and ending on or before March 31, 1969-";
(2) by the insertion, immediately after sub-section (1), of the following sub-section:
" (1A) The provisions of sub section (1) shall not apply in respect of any approved saving made on or after August 2, 1968." ;
(3) by the substitution, for sub-section (3) of that section, of the following sub-section:-
" (3) Where any sum of money in an approved saving specified in paragraph (b) or paragraph (c) or paragraph (g) of sub section (2) is withdrawn or realized by the individual who made that saving-
(a) before the expiry of a period of one year after the date of making that saving, in a case where the sum of money is withdrawn or realized prior to August 2, 1968, or
(b) before April 1, 1970, in a case where the sum of money is in an approved saving on August 2, 1968,


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